Pune: Automaker Mahindra & Mahindra (M&M) on Friday posted a 20 per cent year-on-year jump in its consolidated profit after tax (PAT) at Rs 3,181 crore for its December quarter, driven by strong demand for its sport utility vehicles and tractors.Its revenue during October-December 2024 grew 17 per cent year-on-year to Rs 41,470 crore, compared with Rs 35,299 crore in the year-ago period.The company had posted a consolidated PAT of Rs 2,658 crore in the third quarter of FY23-24.In the auto segment quarterly volumes stood at 245k, up 16 per cent year-on-year while UV volumes for the quarter stood at 142k.The auto segment’s revenue during Q3 FY25 was seen at Rs 23,391 crore, a growth of 21 per cent over the same quarter last year while consolidated PAT stood at Rs 1,438 crore, up 20 per cent year-on-year, it said.“Our businesses continue to demonstrate strength in execution. Auto and Farm delivered solid performance on market share and margins, on the back of focused execution. The transformation at TechM is gathering momentum,” said Anish Shah, Managing Director & CEO at M&M.He said Mahindra Financial services continues to balance asset quality and growth priorities, with Gross stage (GS) under 4 per cent on the back of strong AUM (Assets Under Management) growth.“Our growth gems are demonstrating steady progress towards their long-term objectives,” Shah added.“In Q3 FY25, we were No. 1 in SUV revenue market share with 200 bps Y-o-Y increase.“We achieved the highest ever Q3 tractor market share at 44.2 per cent, a gain of 240 bps Y-o-Y,” said Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M.
Source link
